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Contract No. . AP-168 <br /> FM No : 228627-1 -A841 <br /> Vendor No : VF 596400479 <br /> STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION <br /> AND <br /> INDIAN RIVER COUNTY <br /> ADVANCE REIMBURSEMENT LOCALLY FUNDED AGREEMENT <br /> AMENDMENT NUMBER ONE <br /> THIS AMENDMENT, made and entered into this 1 tom" day of <br /> 200 b , by and between the STATE OF FLORIDA DEPARTMENT OF TRANS1106RTATION, <br /> hereinafter called the DEPARTMENT, and INDIAN RIVER COUNTY, located at 1801 27Th <br /> STREET, VERO BEACH, FLORIDA 329606, hereinafter called the PARTICIPANT. <br /> WITNESSETH <br /> WHEREAS, on January 28, 2008, the parties entered into a Locally Funded Agreement, <br /> hereinafter referred to as the AGREEMENT, wherein the PARTICIPANT agreed to provide advance <br /> funding for certain improvements in connection with the Reconstruction and Widening of SR40 from <br /> 82°d Avenue/CR-609 to 66th Avenue/CR415 in Indian River County, Florida for FM# 228627- 1-A& <br /> 01 and hereinafter referred to as the PROJECT, and, <br /> WHEREAS, the parties desire to amend the AGREEMENT; and <br /> WHEREAS, the parties hereto mutually agree that this Amendment is in their best interest; <br /> NOW, THEREFORE, in consideration of the mutual covenants, promises and representations <br /> herein, the parties agree to further amend that certain Locally Funded Agreement dated January 28, <br /> 2008, as follows : <br /> L The recitals set forth above are true and correct and are deemed incorporated herein. <br /> 2 . The estimated cost for the PROJECT is hereby reduced by TEN MILLION EIGHT <br /> HUNDRED THIRTY SIX THOUSAND TWO HUNDRED THIRTY NINE DOLLARS <br /> ($ 10,836439.00), thus making the PARTICIPANT'S PROJECT share TWENTY THREE <br /> MILLION EIGHT HUNDRED THIRTY THREE THOUSAND THREE HUNDRED <br /> SIXTY TWO DOLLARS ($2398339362 .00) . <br /> 3 . Paragraph 4 of the Agreement shall be removed in its entirety and replaced as follows : <br /> The construction of the PROJECT is estimated to be completed in January, 2011 . The <br /> PARTICIPANT' S advanced funding for this PROJECT is in the amount of TWENTY <br /> THREE MILLION EIGHT HUNDRED THIRTY THREE THOUSAND THREE <br /> HUNDRED SIXTY TWO DOLLARS ($23,833,362.00) . <br /> Page 1 <br />